OTTAWA – The Conference Board of Canada says it is looking for a rebound in job creation for February when the new employment statistics are published Friday.
The think-tank says its national help-wanted index jumped by the largest margin in almost two years in January with every province except Newfoundland trending up.
This suggests a major job boost in February, but given the roller-coaster results in the index the past few months, the Conference Board believes employment gains will be more modest.
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It estimates about 29,000 jobs will be added in February, which would still be a strong result given that January saw a drop of 22,000.
The index suggests the strongest gains will come in Western Canada, particularly in Saskatchewan and Alberta.
The job estimate comes on the same day Home Depot announced a major hiring spree across the country.
Home Depot says it plans on hiring 6,700 full-time, part-time and seasonal positions, with 1,162 of those in Saskatchewan and Manitoba.
The company says it needs to increase staff to support anticipated sales growth this spring.
– With files from Global News
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